Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
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The Economics of Oil and Gas (Hardcover)
Loot Price: R2,342
Discovery Miles 23 420
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The Economics of Oil and Gas (Hardcover)
Series: The Economics of Big Business
Expected to ship within 12 - 17 working days
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The availability of low-cost energy from fossil fuels - in
particular oil - has been the driving force behind postwar global
economic growth, such that the petroleum industry has some of the
world's largest companies. This book examines the economics of the
oil and gas industry, from exploration, development and production,
to transportation, refining and marketing. At each stage of the
value chain, the key economic costs and considerations are
presented in order to provide the reader with a comprehensive
understanding of the workings of the industry. The book examines
some of the unique economic challenges the industry faces,
including negotiating international contracts with host countries
(to gain access to hydrocarbons), managing the risks of recovery,
implementing cross-border pipelines, dealing with huge variations
in the taxation of refined products, and reacting to the effect of
price control and subsidization in the OPEC nations which can
create massive volatility in pricing. The search for low-carbon
fuels, the impact of shale gas, the prospect of finite reserves,
and the global political realities of the competing demands of
oil-importing and oil-exporting countries are shown to make the
sector high risk, but the economic rewards can be huge.
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